Sean Payton agrees to five-year extension

The New Orleans Saints have made a push into being one of the most consistently good teams in the NFL ever since Sean Payton came to town in 2006. The team will be holding on to the coach for just a little longer after he agreed to a new extension on his contract.

ESPN’s Ed Werder reported early Wednesday morning that Payton had signed a five-year extension with the Saints. The new extension is worth just more than $45 million, putting him at just over $9 million a year.

Source says #Saints HC Sean Payton has agreed to 5-year contract extension worth slightly more than $45M. He was making $8.5M per year

Werder later reported that the Saints are still in talks with quarterback Drew Brees. He said that they are working on a four-year extension for him and that is likely going to happen with Payton signing the new contract.

#Saints continue talks with Drew Brees on 4-year extension. With QB having 1 year left, he and Payton would both be under contract 5 years

Payton spoke with ESPN and said that his new extension was a “formality” at this point. Payton talked about how he has had a great career with the Saints and that he couldn’t just leave right now.

“There’s so much of you in there, that I don’t see myself working anywhere else,” Payton said of his decade in New Orleans. “There’s been really good stability and consistency at ownership. We just had dinner with Mr. B last night, Mickey, and I think that doesn’t guarantee anything, but it gives you a chance. It’s been very functional.

In nine seasons in New Orleans, Sean Payton has led the team to five playoff appearances, three NFC South Championships, and a Super Bowl win, their first, in 2010. He has an overall record of 87-57 and a winning percentage of .604 in his first run as a head coach, which is better than the 244-361-5 record and .404 winning percentage the team had before Payton arrived in 2006.